Monday, August 26, 2013

Radar Watching: May 2013

As I have noted in the past, since the home price index data provided by Radar Logic is more timely, unadjusted and un-smoothed it is particularly useful for gaining deeper visibility over our housing markets.

As for the latest trends, it’s important to note that the 25-MSA Composite is continuing to show significant year-over-year increases rising 9.5% above the level seen in May 2012 with prices, more or less, bucking the typical seasonal trends and staying elevated throughout the winter months and on into spring.

This year we see a very small price drop moving into November possibly indicating that the remainder of the price declines until March could also be relativity small.